The global soy grits market size is expected to reach USD 2,754.38 million by 2032, according to a new study by Polaris Market Research. The report "Soy Grits Market Share, Size, Trends, Industry Analysis Report, By Type (Roasted, Non-roasted); By Grain Size; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Grits are one of the byproducts of soy protein. The growing international awareness about soybean products is likely to influence the soy grits market in the coming years. An international conference on "soy foods: a sustainable protein for health and wellness" concluded in June 2023. It focused on ways to integrate soy products into the daily food intake of people, attributable to their rich nutritional content and higher protein content. Industrial professionals, government officials, and experts discussed the production and consumption of soy products, including soy grits, soy-based lentils and flour, and textured soy protein in India. The event recommended the addition of soy-based products to the public distribution system (PDS), as it enables all socioeconomic groups to access healthy food at a reasonable price. This government initiative will further fuel producers to cater to demand, leading to new growth potential for the market in the next few years.
The increasing focus on acquisitions and partnerships among the key market players to gain a competitive advantage and innovate new products to meet ongoing consumer demand is likely to propel the expansion of the global market. For instance, ADM entered a partnership to augment ultra-high soy protein for the food ingredient market. This strategic partnership will further enhance the supply of soy protein in the region, including soy grits, contributing to stabilized prices in the marketplace.
Furthermore, these soy grits are used in feed formulations driven by a higher protein content. The increasing demand for non-vegetarian foods is forcing farmers to increase their feedstock to meet ongoing consumer needs, necessitating the need for efficient feed, which will likely stimulate the demand for soy grits in the coming years.
Soy Grits Market Report Highlights
The roasted segment is anticipated to witness the highest growth in the coming years due to its flavor and allergy-free nature.
The coarse soy grits segment held the largest share owing to its rising use in the food industry.
Online retailers' segment garnered the largest share due to the increased availability and easy availability
North America is projected to register the largest growth rate in the study period owing to the rising demand for plant-based proteins.
Asia Pacific is expected to have the fastest growth owing to the presence of larger producers of soy grits.
The global players include Associated British Foods, Batory Foods, Batory Nutra, Emsland Group, International Flavors & Fragrances, and SunOpta.
Polaris Market Research has segmented the soy grits market report based on type, grain size, distribution channel and region:
Soy Grits, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Soy Grits, Grain Size Outlook (Revenue - USD Billion, 2019 - 2032)
- Coarse Soy Grits
- Medium Size Soy Grits
- Fine size Soy Grits
Soy Grits, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
- Speciality Stores
- Retail Stores
- Online Retail Stores
Soy Grits, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Soy Grits Market Insights
- 4.1. Soy Grits Market - Distribution Channel Snapshot
- 4.2. Soy Grits Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for plant-based proteins is driving demand for soy grits
- 4.2.1.2. Expanding application in food industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Competition from alternative protein sources
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Soy Grits Market Distribution Channel Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Soy Grits Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Soy Grits Market, by Type, 2019-2032 (USD Million)
- 5.3. Roasted
- 5.3.1. Global Soy Grits Market, by Roasted, by Region, 2019-2032 (USD Million)
- 5.4. Non-roasted
- 5.4.1. Global Soy Grits Market, by Non-roasted, by Region, 2019-2032 (USD Million)
6. Global Soy Grits Market, by Grain Size
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 6.3. Coarse Soy Grits
- 6.3.1. Global Soy Grits Market, by Coarse Soy Grits, by Region, 2019-2032 (USD Million)
- 6.4. Medium Size Soy Grits
- 6.4.1. Global Soy Grits Market, by Medium Size Soy Grits, by Region, 2019-2032 (USD Million)
- 6.5. Fine size Soy Grits
- 6.5.1. Global Soy Grits Market, by Fine size Soy Grits, by Region, 2019-2032 (USD Million)
7. Global Soy Grits Market, by Distribution Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.3. Speciality Stores
- 7.3.1. Global Soy Grits Market, by Speciality Stores, By Region, 2019-2032 (USD Million)
- 7.4. Retail Stores
- 7.4.1. Global Soy Grits Market, by Retail Stores, By Region, 2019-2032 (USD Million)
- 7.5. Online Retail Stores
- 7.5.1. Global Soy Grits Market, by Online Retail Stores, By Region, 2019-2032 (USD Million)
8. Global Soy Grits Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Soy Grits Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Soy Grits Market - North America
- 8.3.1. North America: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.3.2. North America: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.3.3. North America: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.3.4. Soy Grits Market - U.S.
- 8.3.4.1. U.S.: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.3.5. Soy Grits Market - Canada
- 8.3.5.1. Canada: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.4. Soy Grits Market - Europe
- 8.4.1. Europe: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.4.3. Europe: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.4.4. Soy Grits Market - UK
- 8.4.4.1. UK: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.4.4.3. UK: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.4.5. Soy Grits Market - France
- 8.4.5.1. France: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.4.5.3. France: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.4.6. Soy Grits Market - Germany
- 8.4.6.1. Germany: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.4.7. Soy Grits Market - Italy
- 8.4.7.1. Italy: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.4.8. Soy Grits Market - Spain
- 8.4.8.1. Spain: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.4.9. Soy Grits Market - Netherlands
- 8.4.9.1. Netherlands: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.4.10. Soy Grits Market - Russia
- 8.4.10.1. Russia: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.5. Soy Grits Market - Asia Pacific
- 8.5.1. Asia Pacific: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.5.4. Soy Grits Market - China
- 8.5.4.1. China: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.5.4.3. China: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.5.5. Soy Grits Market - India
- 8.5.5.1. India: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.5.5.3. India: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.5.6. Soy Grits Market - Malaysia
- 8.5.6.1. Malaysia: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.5.7. Soy Grits Market - Japan
- 8.5.7.1. Japan: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.5.8. Soy Grits Market - Indonesia
- 8.5.8.1. Indonesia: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.5.9. Soy Grits Market - South Korea
- 8.5.9.1. South Korea: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.6. Soy Grits Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.6.4. Soy Grits Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.6.5. Soy Grits Market - UAE
- 8.6.5.1. UAE: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.6.6. Soy Grits Market - Israel
- 8.6.6.1. Israel: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.6.7. Soy Grits Market - South Africa
- 8.6.7.1. South Africa: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.7. Soy Grits Market - Latin America
- 8.7.1. Latin America: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.7.3. Latin America: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.7.4. Soy Grits Market - Mexico
- 8.7.4.1. Mexico: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.7.5. Soy Grits Market - Brazil
- 8.7.5.1. Brazil: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
- 8.7.6. Soy Grits Market - Argentina
- 8.7.6.1. Argentina: Soy Grits Market, by Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Soy Grits Market, by Distribution Channel, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Soy Grits Market, by Grain Size, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Associated British Foods
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Batory Foods
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Bob's Red Mill Natural Foods
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. CerealVeneta S.r.l.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. CHS
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Do It Organic
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Emsland Group
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. International Flavors & Fragrances
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Linyi Shansong Biological Products
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. NOW Health
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Nutri-Pea
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Puris Proteins
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Sotexpro
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. SunOpta
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development